Daewoo Shipbuilding Archives | Be Korea-savvy
Daewoo Shipbuilding Bags 1.1 tln-won Deal to Build Upgraded Submarine

Daewoo Shipbuilding Bags 1.1 tln-won Deal to Build Upgraded Submarine

SEOUL, Oct. 11 (Korea Bizwire) — Daewoo Shipbuilding & Marine Engineering Co., a major shipbuilder in South Korea, said Friday it has signed a deal worth 1.1 trillion won (US$924 million) to design and build an upgraded submarine for the country’s Navy. Under the deal with the Defense Acquisition Program Administration (DAPA), Daewoo Shipbuilding will [...]

Daewoo Shipbuilding, Hyundai Merchant Cooperate for Smart Ship Development

Daewoo Shipbuilding, Hyundai Merchant Cooperate for Smart Ship Development

SEOUL, Sept. 26 (Korea Bizwire) — Daewoo Shipbuilding & Marine Engineering Co. said Thursday it has joined forces with South Korea’s top shipping firm Hyundai Merchant Marine Co. to develop smart ship technologies. The two sides will collaborate in developing various technologies used for smart ships, such as real-time monitoring and automation systems, according to [...]

Hyundai Heavy Shareholders OK Split-up Plan amid Harsh Labor Opposition

Hyundai Heavy Shareholders OK Split-up Plan amid Harsh Labor Opposition

SEOUL/ULSAN, May 31 (Korea Bizwire) — Shareholders of Hyundai Heavy Industries Co. on Friday approved the company’s split-up plan ahead of a proposed merger with a smaller local shipbuilder amid fierce opposition from its labor union. The split is the first step in the process of Hyundai Heavy’s planned merger with Daewoo Shipbuilding & Marine [...]

Hyundai Heavy’s Merger Faces Critical Juncture Next Week amid Backlash

Hyundai Heavy’s Merger Faces Critical Juncture Next Week amid Backlash

SEOUL, May 26 (Korea Bizwire) — Tensions are mounting ahead of Hyundai Heavy Industries Co.’s planned shareholders meeting next week as unionized workers remain staunch in their opposition to the company’s split-up plan for a merger with a small local shipbuilder, industry sources said Sunday. Hyundai Heavy shareholders are set to approve splitting of the [...]

DSME Develops AI System to Deal with Shipowners

DSME Develops AI System to Deal with Shipowners

SEOUL, Mar. 5 (Korea Bizwire) — Daewoo Shipbuilding & Marine Engineering Co. (DSME) announced on Monday that it had developed a design system for supporting ship sales using artificial intelligence (AI). According to DSME, a joint development of the system with an AI startup company called 42 Maru was launched to find appropriate answers and [...]

Geoje Residents Anxious over Sale of Daewoo Shipbuilding

Geoje Residents Anxious over Sale of Daewoo Shipbuilding

GEOJE, Feb. 28 (Korea Bizwire) — The city of Geoje in South Gyeongsang Province held a meeting with residents on Tuesday to discuss issues surrounding the takeover of Daewoo Shipbuilding & Marine Engineering Co. Currently, more than 9,700 people work at Daewoo Shipbuilding’s Geoje Okpo Shipyard. Including employees of partner firms, more than 17,000 workers [...]